Word: yen
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Dates: during 1980-1989
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...agreed to a fourth year of restraint on the number of cars exported to the U.S. The new ceiling: 1.85 million, up from 1.68 million. Ford, Chrysler and American Motors protested that the increase was unjustified in view of the trade unbalance between the two countries, the undervalued yen, and tax advantages they claim the Japanese enjoy. General Motors' reaction was more muted, since it has its own Japanese strategy. GM next year plans to begin importing small Japanese cars, and last week it unveiled a model of a subcompact to compete with Japanese imports in the late 1980s...
When he left in 1955, the collection had grown to 5.9 million volumes, an increase "which speaks for his value to Harvard," Yen Tsai-Fend, librarian of Harvard College, said yesterday...
...dollar's current strength is a mirror image of its weakness in the late 1970s, when it sank to new lows against the West German mark, the Swiss franc and the Japanese yen. Then, many of today's problems were reversed. The abject dollar worsened U.S. inflation by raising the price of imports. European leaders angrily charged that the weak American currency made U.S. exports too cheap and was thus hurting the sale of European goods. The failing dollar also encouraged the Organization of Petroleum Exporting Countries to keep jacking up oil prices since member countries were being...
...quick!]" For the two officers stationed at the Ochanomizu police box in the heart of Tokyo, the complaints were typical. Within 15 minutes they had soothed the be reft woman with a promise to be on the lookout for her pet (it was found), lent the penniless youth 560 yen ($2.33) from a special emergency fund in exchange for a signed IOU (four out of five such loans are repaid) and radioed for a patrol car to break up the marital battle. Said Sergeant Shigeo Takahashi, grinning with satisfaction: "You stand here for a quarter of an hour...
There is quite a bit of money to pass: his estimated income last year was $542,000. The other terrors include the temptations of easy but sleazy money. "Some people offer as much as a million yen ($4,200) for an hour-long lecture. You can even get away with a talk about what you did yesterday. I refuse any such request. To me it is corruption...